Text size Al Bello / Getty Images Apple shares climbed to new highs on Monday, crossing the $ 1.7 trillion valuation level for the first time and approaching $ 400 a share, as two more analysts raised the company’s price targets ahead of quarterly earnings. June due July 30. Bullish …
Read More »European Actions Fail Over Concerns Over California Closure
Shoppers wearing face masks leave a shopping mall in Berlin on April 29, 2020 amid the new coronavirus pandemic COVID-19. john macdougall / Agence France-Presse / Getty Images European stocks fell on Tuesday, reversing the gains of the previous day on concerns about the closure of the state of California …
Read More »Luckin Coffee dismisses president and appoints new CEO
The embattled Chinese coffee chain has named Jinyi Guo president and CEO after shareholders voted to remove co-founder and former president Charles Zhengyao Lu, Luckin said in a regulatory filing on Monday. Luckin went public last year and increased due to what appeared to be strong sales growth. But then …
Read More »Amazon launches shopping carts that eliminate payment lines
Amazon will launch smart shopping carts at its Los Angeles-area grocery store in 2020. Amazon Amazon is launching shopping carts that track items as shoppers add them, then automatically charges for them when they pick up grocery bags, allowing them to skip the checkout line. The Dash Carts will launch …
Read More »Qualcomm is the latest US tech name supporting India’s Jio platforms
Jio Platforms, the technology firm owned by billionaire Mukesh Ambani, earned another investment, this time from the American chipmaker. Qualcomm (QCOM). The two companies announced Sunday that Qualcomm’s investment arm would inject up to Rs 7.3 billion (about $ 97 million) into Jio, in exchange for a 0.15% equity stake. …
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